Mixed Use - Commercial Property
26A Snow Hill, Wolverhampton, West Midlands, WV2 4AD
Guide Price (plus fees)
A Substantial Freehold Mixed-Use Investment Opportunity Comprising 2 x Ground Floor Commercial Units and 4 x Self-Contained Six Bedroom Flats Providing a total of 12 En-Suite and 12 Double HMO Rooms. Current Combined Rent is £141,159 (Equivalent) Per Annum. When Fully Let the Property has an ERV of £144,000 Combined Per Annum.
Accommodation & Tenancy Schedule
|Property||Floor||Accommodation||Tenancy Details||Current Annual Rent|
|Shop||Ground||Commercial (Shop)||5 year lease commencing 03/01/17||£5,200|
|Shop||Ground||Commercial (Shop)||5 year lease commencing 01/10/18||£8,320|
|Flat 1||First||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||6 Tenancies (4 x AST & 2 x Short Let)||£35,079.20|
|Flat 2||First||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||6 Tenancies (3 x AST & 3 x Short Let)||£35,620|
|Flat 3||Second||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||6 Tenancies (6 x AST)||£33,540|
|Flat 4||Second||6 Bedrooms (3 En-Suites), Shared Shower room and Kitchen||4 Tenancies & 2 Rooms Vacant (1 x AST & 3 x Short Let)||£23,400|
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Enquire about Whiteheads Building, 26A Snow Hill, Wolverhampton, West Midlands, WV2 4AD
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